BlackBerry warned it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its workforce.
The company, which had warned that job cuts were in the offing, said it plans to shed 4,500 jobs. BlackBerry has already undergone a major round of job cuts over the last 12 months. It employed 12,700 people as of March, and once had close to 20,000 employees.
The company said it plans to refocus its efforts on the enterprise and high-end consumer markets, offering end-to-end solutions, including hardware, software and services.
BlackBerry to cut 4,500 jobs, warns of $1 billion loss - The Times of India